Private banks looks interesting, prefer cement: Ajay Bagga

Ajay Bagga, Market Expert told CNBC-TV18, "Private sector banks are looking very interesting. You are getting cheaper price there as well. As the Indian growth continues, they are the biggest beneficiaries. Apart from that, you have IT, pharmaceuticals and I would say auto. Though I am bullish even on the two-wheelers in the sense that given the kind of stimulus going into the economy, it will eventually turn around and these are pretty good levels to enter into the two-wheeler. You can just stay with the passenger vehicle and commercial vehicle makers. Commercial vehicles are on a big uptake; nearly 40 percent growth year-on-year (Y-o-Y) happening because the replacement cycle went from four years to six years but, now that replacement is happening.""Cement would be the other call. With lot of operating leverage and pricing power in the North and West, I think you will be well served rather than pure-play infra where you have execution issues and where you have leverage issues. You can play it more safer with the leading cement makers," he said.